With HKFRS/IFRS 9 Financial Instruments being effective for annual periods beginning on or after 1 January 2018, companies are required to assess the ECL for their financial assets. HKFRS/IFRS 9 introduces the expected credit loss model, specifying the measurement of the ECL should reflect a probability-weighted outcome, account for the time value of money and incorporate forward-looking information. With our professional finance and accounting knowledge, AVISTA Business Valuation team is capable to assisting management to better preparing and understand the impact of the new standard and reduce implementation costs and compliance risk.